#ReboundRally 👀 Cryptocurrency Market Overview.

〽️ The recent dump started after Powell's talk about how the Fed is not allowed to own Bitcoins. Yesterday, a recovery began after Colin Wu's reports — "The Fed cannot veto the creation of a BTC reserve. Trump can quickly create a reserve by signing an order for the U.S. Treasury to use the Exchange Stabilization Fund (ESF) to buy Bitcoin."

🪙 BTC is trading around — $98,610

🔷 ETH fluctuates around — $3,521

📈 The biggest growth in 24 hours was shown by — FARTCOIN +39.14%

📉 The biggest drop was shown by — VIRTUAL -2.13%

📊 Indicators:

😨 Fear and Greed Index — 73

💲 Altseason Index — 49

📈 Long/Short Ratio — 51/49

💰 Cryptocurrency Market Capitalization — $3.37 trillion.

👑 Bitcoin Dominance — 57.97%

🔮 Forecast:

A bounce from MA100 and growth in MA50 has occurred. To continue the growth, we need to break above $100k. However, holidays in the U.S. and weekends may hinder this, causing liquidity in the market to be absent. If we don't break through in the near future — we may get stuck in a sideways movement, between $94k — $99k. Further movement of Bitcoin will depend on which direction we break.